Form 4: COPT Defense Properties Director, Robert L. Denton, Reports Transaction
SEC Form 4 Filing
Director Robert L. Denton reports a transaction involving the redemption of common units for cash.
Summary
- Robert L. Denton, a director of COPT Defense Properties, reported a transaction on June 10, 2024.
- The transaction involved the redemption of 1,000 common units of limited partnership interest in COPT Defense Properties, L.P.
- The issuer, COPT Defense Properties, elected to pay cash for the common units based on the 10-day average closing price of its common shares on the New York Stock Exchange.
- The price per common unit was $24.251.
- Following the transaction, Denton directly owns 178,264 common shares.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This transaction is a routine disclosure of insider activity, which is common in publicly traded companies. It provides transparency to investors regarding the actions of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 06/10/2024 | Date of transaction: Redemption of common units |
| 06/11/2024 | Date of signature on the report |
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